In 2012, the development of Kennedy’s Vale and Spitzkop was suspended due to the global economic environment and PGM pricing at the time. The company is currently conducting a desktop study into the potential of conducting opencast mining and will continue to actively monitor the market and other developments to assess the possible resumption of the projects.
Classified Resources for the LC2 To U2MC Reef, as at December 2010
| Width | SG | Million Tonnes |
3PGE+Au | 3PGE+Au Million Ounces |
5PGE+Au | Pt | Pd | Rh | Au | |
|---|---|---|---|---|---|---|---|---|---|---|
| (m) | Mt | (g/t) | Moz | (g/t) | (g/t) | (g/t) | (g/t) | (g/t) | ||
| Measured | ||||||||||
| Boschkloof | 1.50 | 3.88 | 20.90 | 5.13 | 3.45 | 6.11 | 2.70 | 1.83 | 0.55 | 0.06 |
| De Goedeverwachting | 1.49 | 3.93 | 28.60 | 5.20 | 4.79 | 6.22 | 2.81 | 1.81 | 0.53 | 0.06 |
| Kennedy’s Vale | 1.50 | 3.82 | 42.30 | 4.43 | 6.03 | 5.31 | 2.36 | 1.57 | 0.45 | 0.05 |
| Spitzkop | 1.48 | 3.81 | 41.80 | 5.21 | 7.00 | 6.26 | 2.83 | 1.83 | 0.48 | 0.07 |
| Total | 1.49 | 3.85 | 133.60 | 4.95 | 21.30 | 5.93 | 2.65 | 1.75 | 0.49 | 0.06 |
| Indicated | ||||||||||
| Belvedere | 1.5 | 3.8 | 15.3 | 3.94 | 1.9 | 4.72 | 2.1 | 1.4 | 0.4 | 0.05 |
| Boschkloof | 1.5 | 3.9 | 13.8 | 4.84 | 2.2 | 5.81 | 2.6 | 1.7 | 0.5 | 0.06 |
| Kennedy’s Vale | 1.5 | 3.8 | 21.5 | 4.15 | 2.9 | 5 | 2.3 | 1.4 | 0.4 | 0.05 |
| Tweefontein | 1.48 | 3.9 | 3.1 | 4.43 | 0.4 | 5.27 | 2.4 | 1.6 | 0.5 | 0.05 |
| Total | 1.5 | 3.8 | 53.8 | 4.28 | 7.4 | 5.15 | 2.3 | 1.5 | 0.4 | 0.05 |
| Total Measured and Indicated | 1.49 | 3.9 | 187.4 | 4.76 | 28.7 | 5.7 | 2.6 | 1.7 | 0.5 | 0.05 |
| Inferred | ||||||||||
| Belvedere | 1.5 | 3.8 | 51.3 | 4.71 | 7.8 | 5.59 | 2.4 | 1.7 | 0.5 | 0.05 |
| Boschkloof | 1.5 | 3.8 | 2.9 | 4.52 | 0.4 | 5.43 | 2.4 | 1.6 | 0.4 | 0.06 |
| Tweefontein | 1.49 | 3.8 | 20.9 | 4.58 | 3.1 | 5.43 | 2.4 | 1.7 | 0.5 | 0.05 |
| Total Inferred | 1.5 | 3.8 | 75.1 | 4.67 | 11.3 | 5.54 | 2.4 | 1.7 | 0.5 | 0.05 |
Classified Resources for the separate Merensky Reef, as at December 2010
| Width | SG | Million Tonnes |
3PGE+Au | 3PGE+Au Million Ounces |
5PGE Au | Pt | Pd | Rh | Au | |
|---|---|---|---|---|---|---|---|---|---|---|
| (m) | Mt | (g/t) | Moz | (g/t) | (g/t) | (g/t) | (g/t) | (g/t) | ||
| Measured | ||||||||||
| Boschkloof | 2.51 | 3.3 | 16.26 | 2.3 | 1.2 | 2.53 | 1.4 | 0.7 | 0.1 | 0.14 |
| De Goedeverwachting | 2.53 | 3.3 | 36.75 | 2.35 | 2.78 | 2.56 | 1.4 | 0.8 | 0.1 | 0.16 |
| Kennedy’s Vale | 2.50 | 3.3 | 59.22 | 2.79 | 5.3 | 3.04 | 1.6 | 0.9 | 0.1 | 0.17 |
| Spitzkop | 2.49 | 3.2 | 48.92 | 2.53 | 3.98 | 2.77 | 1.4 | 0.8 | 0.1 | 0.19 |
| Totals | 2.5 | 3.3 | 161.15 | 2.56 | 13.26 | 2.79 | 1.5 | 0.8 | 0.1 | 0.17 |
| Indicated | ||||||||||
| Belvedere | 2.47 | 3.3 | 24.33 | 3.98 | 3.11 | 4.34 | 2.2 | 1.4 | 0.2 | 0.23 |
| Boschkloof | 2.51 | 3.3 | 30.89 | 2.65 | 2.63 | 2.9 | 1.5 | 0.9 | 0.1 | 0.15 |
| De Goedeverwachting | 2.48 | 3.3 | 0.98 | 2.42 | 0.08 | 2.62 | 1.4 | 0.8 | 0.1 | 0.17 |
| Kennedy’s Vale | 2.49 | 3.3 | 25.91 | 3.62 | 3.01 | 3.95 | 2 | 1.3 | 0.2 | 0.21 |
| Tweefontein | 2.53 | 3.3 | 5.95 | 3.52 | 0.67 | 3.83 | 2 | 1.2 | 0.1 | 0.2 |
| Totals | 2.5 | 3.3 | 88.06 | 3.36 | 9.5 | 3.67 | 1.9 | 1.1 | 0.1 | 0.2 |
| Total Measured and Indicated | 2.5 | 3.3 | 249.21 | 2.84 | 22.8 | 3.1 | 1.6 | 0.9 | 0.1 | 0.18 |
| Inferred | ||||||||||
| Belvedere | 2.52 | 3.3 | 64.47 | 3.04 | 6.31 | 3.31 | 1.7 | 1 | 0.1 | 0.17 |
| Boschkloof | 2.61 | 3.3 | 3.33 | 3.07 | 0.33 | 3.35 | 1.7 | 1.1 | 0.1 | 0.18 |
| Tweefontein | 2.5 | 3.3 | 26.28 | 3.5 | 2.96 | 3.81 | 2 | 1.2 | 0.1 | 0.2 |
| Total Inferred | 2.52 | 3.3 | 94.08 | 3.17 | 9.6 | 3.45 | 1.8 | 1.1 | 0.1 | 0.18 |